Empirical research based on panel data has to pay special attention to measurement errors. Utility maximization often …

outliers, alternative variable definition, and variations in estimation method. …

In the first half of the paper we study spurious regressions in panel data when the cross-section and time …-based cointegration tests in panel data, because the null distribution of residual-based cointegration tests depends on the asymptotics of … LSDV. In the second half of the paper we study residual-based tests for cointegration regression in panel data. We study …

equation on panel data during the past twenty years, in order to assess which of these changes result from new estimation … methods and changes in the practice of panel data econometrics, and which are "real" and due to the evolution of the economy … correction, traditional between- and within-firm estimation versus GMM estimation, the investment behavior of French firms versus …

good governance (using latent variable approach) and a financial decentralisation index. Panel data is employed to explore …

statistical measures. Panel regression showed that governance measures, and economic policy variables are crucial to explain …